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Hong Kong SAR, China - Embroidery (Without Visible Ground) In The Piece - Market Analysis, Forecast, Size, Trends And Insights
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View PricingEmbroidery Price in Hong Kong SAR - 2023
Contents:
- Embroidery Price in Hong Kong SAR (FOB) - 2023
- Embroidery Price in Hong Kong SAR (CIF) - 2022
- Embroidery Exports in Hong Kong SAR
- Embroidery Imports in Hong Kong SAR
Embroidery Price in Hong Kong SAR (FOB) - 2023
In May 2023, the average embroidery export price amounted to $132K per ton, growing by 21% against the previous month. Overall, export price indicated a pronounced increase from June 2022 to May 2023: its price increased at an average monthly rate of +2.2% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2023 figures, embroidery export price decreased by -25.6% against January 2023 indices. The pace of growth was the most pronounced in January 2023 an increase of 71% m-o-m. As a result, the export price reached the peak level of $178K per ton. From February 2023 to May 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In May 2023, the country with the highest price was Vietnam ($184K per ton), while the average price for exports to the UK ($15,229 per ton) was amongst the lowest.
From June 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.
Embroidery Price in Hong Kong SAR (CIF) - 2022
In 2022, the average embroidery import price amounted to $133,916 per ton, picking up by 4.6% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, embroidery import price decreased by -7.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of 33%. As a result, import price attained the peak level of $144,093 per ton. From 2021 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($134,703 per ton), while the price for South Korea ($60,796 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Embroidery Exports in Hong Kong SAR
In 2022, overseas shipments of embroidery (without visible ground) in the piece increased by 23% to 87 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports continue to indicate a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, embroidery exports soared to $10M in 2022. The total export value increased at an average annual rate of +1.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Embroidery in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 3,952 | 4,360 | 3,949 | 3,631 | -2.8% |
China | 1,910 | 1,662 | 1,915 | 2,947 | 15.6% |
Thailand | 1,716 | 1,377 | 654 | 1,004 | -16.4% |
United States | 821 | 953 | 924 | 885 | 2.5% |
Bangladesh | 105 | 187 | 265 | 330 | 46.5% |
Turkey | 75.7 | 52.4 | 96.5 | 202 | 38.7% |
Indonesia | 132 | 48.0 | 81.4 | 194 | 13.7% |
Cambodia | 204 | 126 | 130 | 121 | -16.0% |
Canada | 20.3 | 19.1 | 36.8 | 79.5 | 57.6% |
United Arab Emirates | N/A | N/A | N/A | 66.9 | 0% |
United Kingdom | 46.7 | 49.1 | 46.1 | 42.0 | -3.5% |
Others | 795 | 694 | 847 | 839 | 1.8% |
Total | 9,776 | 9,528 | 8,944 | 10,342 | 1.9% |
Top Export Markets for Embroidery from Hong Kong SAR in 2022:
- Vietnam (20.7 tons)
- United States (19.1 tons)
- China (18.8 tons)
- Thailand (5.3 tons)
- Bangladesh (4.3 tons)
- Canada (2.6 tons)
- United Arab Emirates (1.5 tons)
- Indonesia (1.5 tons)
- Turkey (1.4 tons)
- United Kingdom (1.4 tons)
- Cambodia (1.0 tons)
Embroidery Imports in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in purchases abroad of embroidery (without visible ground) in the piece, which decreased by -33.2% to 35 tons in 2022. Over the period under review, imports continue to indicate a dramatic decline. The smallest decline of -19% was in 2021.
In value terms, embroidery imports reduced rapidly to $4.6M in 2022. Overall, imports saw a sharp descent. The smallest decline of -7.7% was in 2020.
Import of Embroidery in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 7.0 | 6.6 | 5.4 | 3.4 | -21.4% |
Taiwan (Chinese) | 2.0 | 2.3 | 0.9 | 1.0 | -20.6% |
South Korea | N/A | N/A | 0.1 | N/A | 0% |
Japan | 0.2 | 0.1 | N/A | N/A | -50.0% |
Others | 0.8 | 0.3 | 0.2 | 0.2 | -37.0% |
Total | 10.0 | 9.2 | 6.7 | 4.6 | -22.8% |
Top Suppliers of Embroidery to Hong Kong SAR in 2022:
- China (25.2 tons)
- Taiwan (Chinese) (7.5 tons)
- South Korea (0.7 tons)
- Japan (0.2 tons)
This report provides an in-depth analysis of the embroidery market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 13991230 - Embroidery (without visible ground) in the piece, in strips or in motifs
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In value terms, embroidery imports amounted to $X in 2016. In general, embroidery imports continue to indicate a significant deduction. Over the period under review, global embroidery imports reach...
In value terms, embroidery exports totaled $X in 2016. Overall, embroidery exports continue to indicate a drastic descent. Global embroidery export peaked of $X in 2007; however, from 2008 to X>
In value terms, embroidery imports amounted to $X in 2016. In general, embroidery imports continue to indicate a significant deduction. Over the period under review, global embroidery imports reach...
In value terms, embroidery exports totaled $X in 2016. Overall, embroidery exports continue to indicate a drastic descent. Global embroidery export peaked of $X in 2007; however, from 2008 to X>